Papua New Guinea Current Account to GDP
Papua New Guinea recorded a Current Account deficit of 17.50 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Papua New Guinea averaged 2.96 Percent from 1994 until 2012, reaching an all time high of 13.91 Percent in 1995 and a record low of -17.50 Percent in 2012. Current Account to GDP in Papua New Guinea is reported by the Bank of Papua New Guinea.
||1994 - 2012
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Papua New Guinea Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.